Crypto distribution is uneven among banks as prudential exposure rises: BIS report
According to a report released on February 28 by the Bank for International Settlements (BIS), only 20% of banks have exposure to crypto assets, with the majority of them located in the Western Hemisphere. 17 Group 1 banks reported prudential exposure to crypto assets and 1 billion euros in crypto assets under custody. The BIS has instituted standards limiting banks to 2% crypto reserves by 2025, and crypto-asset holdings represented a tiny fraction of the banks’ holdings. A single, unnamed bank was responsible for 61.7% of all crypto asset prudential exposure. News Sorce